Sudan central bank penalizes banks, staff over forex violations

July 12, 2026 (KHARTOUM) – The Central Bank of Sudan has penalized several commercial banks and employees after detecting violations in foreign exchange operations, the regulator said on Sunday.

The central bank said in a statement that the regulatory and administrative measures followed recent inspections that uncovered breaches of rules and circulars governing the foreign exchange market.

The regulator did not disclose the names of the penalized banks or the individual employees affected by the disciplinary actions.

As part of the measures, the central bank suspended several bankers from handling export and import transactions. It also terminated the contracts of some employees and referred others for formal investigation.

The central bank said the move is part of its legal mandate to stabilize the foreign exchange market, curb practices that pressure the exchange rate, and improve the efficiency of the domestic banking sector.

The measures come as the regulator tries to tighten controls over foreign currency trading and prevent actions that disrupt the allocation of foreign exchange resources. Sudan’s economy has faced severe strain, with the local currency experiencing sharp fluctuations due to ongoing conflict and a plunge in foreign currency revenues.

The central bank added that it remains committed to its supervisory role and will continue to take action against any financial institution under its jurisdiction that fails to comply with monetary regulations.